There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 388 - SCHOOLS AND SCHOOL AID
Act 151 of 1955 - STATE LOANS TO SCHOOL DISTRICTS (388.931 - 388.938)
Section 388.936 - State loans to school district; false statements, concealment; penalty.
STATE LOANS TO SCHOOL DISTRICTS (EXCERPT)Act 151 of 1955
388.936 State loans to school district; false statements, concealment; penalty.
Sec. 6.
Any person who shall knowingly make any false statement or conceal any material information for the purpose of obtaining a loan under the provisions of this act, or use the proceeds of a loan or any portion thereof for any purpose not authorized by this act shall be guilty of a felony.
History: 1955, Act 151, Imd. Eff. June 7, 1955
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